Moscow Exchange says March trade volume nears Russia’s 2019 GDP

MOSCOW, Apr 2 (PRIME) -- The trade volume on the Moscow Exchange jumped by 48.8% on the year to an all-time high of 98.8 trillion rubles in March, getting close to Russia’s annual gross domestic product (GDP) that stood at 110 trillion rubles in 2019, the bourse said in a statement on Thursday.

“In March 2020, the total trading volume on the Moscow Exchange’s markets grew by 48.8% to reach an all-time record of 98.8 trillion rubles,” the bourse said.

Trading on the equity and bond market more than doubled to 5.184 trillion rubles. Trading in the shares and depositary receipts more than quadrupled on the year to 3.081 trillion rubles. The average daily amount of trade almost quadrupled to 146.7 billion rubles.

Trading in the corporate, regional, and sovereign bonds grew by 21.6% to 2.103 trillion rubles. The average daily amount rose to 100.1 billion rubles from 86.4 billion rubles.

The volume of trade on the currency market increased 32% to 36.3 trillion rubles. The average daily amount was 1.727 trillion rubles, or U.S. $23.6 billion.

(77.7325 rubles – U.S. $1)

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